Chevron Phillips will pay nearly $120 million to clean up three of its Texas petrochemical plants amid allegations that it violated the Clean Air Act, according to an article from CNN. The Justice Department has secured a settlement with the company to install pollution control and emissions monitoring equipment at the three facilities. The price tag to resolve the allegations against the company and make the necessary upgrades and perform the compliance measures is estimated at $118 million.
Chevron Phillips is accused of failing to properly operate and monitor its industrial flares, according to CNN. The company reportedly will also pay a $3.4 million civil penalty.
Read the entire article here.